Key takeaways
- Uber Technologies and Nvidia will collaborate to accelerate artificial intelligence technology in autonomous vehicles.
- Uber will use Nvidia’s Cosmos platform and the DGX cloud to more efficiently create AI self-driving models.
- CEO Dara Khosrowshahi explained that AI will “power the future of mobility.”
UberTechnologies (UBER) shares rose in premarket trading Tuesday as the largest ride-hailing company announced it was partnering with Nvidia (NVDA) to speed up the use of artificial intelligence (AI) technology in self-driving cars.
Uber will use Nvidia’s Cosmos platform and DGX Cloud to help its autonomous vehicle (AV) partners “build more powerful AI models, even more efficiently.”
CEO Dara Khosrowshahi said Generative AI “will power the future of mobility, requiring both rich data and very powerful computing.” Khosrowshahi added that the collaboration with the chipmaker will “accelerate the timeline for safe and scalable autonomous driving solutions.”
Through Monday’s close, shares of Uber Technologies were up about 15% over the past year. They had benefited from a new accelerated momentum share buyback plan announcement yesterday. Nvidia shares, which closed at an absolute record On Monday, they were still up 2.5% before the bell after CEO Jensen Huang remarks made last night at CES in Las Vegas.
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